The owners of the New York Mets are no strangers to financial calamity. After losing $550 million in Bernie Madoff’s Ponzi scheme and paying out $80 million to settle a lawsuit claiming they were in on the scheme, Fred and Jeff Wilpon managed to keep their team by taking out loans and slashing payroll.
The New York Mets went to the World Series last season and currently boast a young pitching staff that is not only one of the most talented in the game, but also one of the cheapest. And yet for the Mets, perhaps the game’s preeminent struggle-franchise, this is a big problem.
I'd say this story belongs in the LOLMets pantheon, but this is less "ha ha" funny than it is "wow, the Mets appear to be run by a tremendously scummy sexist" funny.
The federal trial was supposed to begin this morning, but Richard Sandomir of The New York Times tweeted that the Wilpons and Saul Katz have instead reached a settlement that will cost them $162 million. Irving Picard, the trustee representing the victims of Bernie Madoff's Ponzi scheme, had been seeking $303 million.
Now even the Mets' ownership is laughing at the Mets. These T-shirts were placed in the lockers of each Mets player yesterday at the direction of Jeff Wilpon, the team's chief operation officer. The "U" logo is supposed to represent Underdog, the animated superhero from the 1960s, and the shirts are meant to serve as…
Every morning, the fine folks at Sports Radio Interviews sift through the a.m. drive-time chatter to bring you the best interviews with coaches, players, and personalities across the sports landscape. Today: Mets Chief Operating Officer Jeff Wilpon.